“I got phased out,” the CNN founder told the crowd. The management of Time Warner, which acquired Turner Broadcasting in 1996, came to him as his contract was about to end.
“They said your contract is going to be up but we want to give you another one,” Turner said. “They said ‘We’ll give you a million dollars a year.’ I said ‘What will my duties be?’ They said ‘nothing.’ I said ‘you take the million dollars and shove it you know where,’ ” he said.
Turner told the crowd that he misses being part of CNN; “I really enjoyed every moment of it,